The company has lost iron ore mine allotment from the Chhattisgarh government in Dantewada district for not completing the prospecting work within the stipulated period, reports a business daily.
Tata Steel is currently trading at Rs. 245.5, down by Rs. 2.55 or 1.03% from its previous closing of Rs. 248.05 on the BSE. The company has lost iron ore mine allotment by the Chhattisgarh government in Dantewada district for not completing the prospecting work within the stipulated period, reports a business daily.
The scrip opened at Rs. 250.1 and has touched a high and low of Rs. 252 and Rs. 244.45 respectively. So far 1850168(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 24091 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 384.2 on 06-May-2015 and a 52 week low of Rs. 200 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 261.25 and Rs. 244.6 respectively.
The promoters holding in the company stood at 31.35 % while Institutions and Non-Institutions held 38.79 % and 29.86 % respectively.
The stock is currently trading above its 200 DMA.
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